Capital Group, a 94-year-old mutual fund powerhouse known for its conservative investment approach, has grown a $1 billion position in Bitcoin-related stocks into more than $6 billion. Mark Casey, a portfolio manager with 25 years at Capital Group, led the firm’s move into Bitcoin. Casey, who describes his investment style as shaped by Benjamin Graham…
The surge in social media chatter around the highly anticipated US Federal Reserve September interest rate decision could be a warning sign for crypto, says sentiment platform Santiment. It comes after the crypto market rallied on Friday and market sentiment returned to greed following Fed Chair Jerome Powell’s dovish remarks at the annual Jackson Hole…
The non-fungible token (NFT) sector surged to a market capitalization of more than $9.3 billion as Ethereum-based collections increased along with the price of Ether. NFT data tracker NFT Price Floor showed on Wednesday that the overall market capitalization for NFT collections had hit $9.3 billion, a 40% uptick from July. According to DappRadar data,…